Agrochemical Additives Market Size

Agrochemical Additives Market size was over USD 1.8 Billion in 2023 and is estimated to reach USD 3.2 Billion by the end of 2036, growing at a CAGR 5% during the forecast period, i.e., 2024- 2036. In the year 2024, the industry size of agrochemical additives is valued at USD 1.89 Billion.

The increased need for packaged foods has expanded globally due to population growth, which has also raised demand for agricultural products and agrochemical additives. As observed by Research Nester analyst, U.S Processed Food Products exports in 2023 accounted for a value of around USD 36 Billion. The use of agricultural chemicals to increase crop yield has increased recently. The use of agrochemicals such as fertilizers and pesticides has become vital to meet the increasing demand for food. Agrochemicals are essential for improving plant growth, crop output, and crop quality as well as soil moisture.

Based on their types, agrochemicals are separated into groups such as insecticides, fertilizers, and pesticides. Fertilizers are widely utilized to boost fertility, crop yield, and output of agro goods owing to their capacity to increase the nutritional content of soil and crops. Further, the expansion of the agrochemical industry, fuelled by investments in research and development, is driving the growth of the agrochemical additives market. Manufacturers are developing innovative additives tailored to specific agrochemical formulations, thereby widening the market scope.